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Globalization
Xi Jinping, it's been reported this week, is taking a trip to Saudi Arabia. The Wall Street Journal reported that after six years of negotiations, China and Saudi Arabia are getting close for China to start paying Yuan for oil they would be buying from the Saudis. There's an important kind of economic tie up that may be emerging that could affect the importance of the US dollar on the global economic stage. This week as well, it's also been reported that China is doing military exercises with Russia inside Russia.